In late October 2023, IT security specialist Secunet shocked the capital market with a profit warning. The lowering of the forecast for operating profit resulted in a significant drop in stock value.

However, Secunet’s management has now delivered a positive surprise by announcing that the final quarter of 2023 was the best three-month period in the company’s history. This led to a 25% increase in stock value. Learn more about the latest figures after I give you a brief introduction to the company:

IT security specialist Secunet in profile Based in Essen, Secunet Security Networks AG covers the entire value chain in the field of IT security with its offerings. The company’s range of services includes security analysis, consulting, implementation, maintenance, and training.

This brings together the fundamentally different fields of activity in IT security such as security consulting, system administration, or programming under one roof, in order to offer customers a holistic service.

Outstanding final quarter leads to record revenue in 2023 Secunet achieved an outstanding final quarter and ended the 2023 fiscal year with record revenue. According to preliminary calculations, the company recorded a revenue of approximately 393 million euros, which represents a significant increase of 13% compared to the previous year.

Secunet exceeded the previously communicated revenue forecast (approximately 375 million euros) and achieved an increase in revenue for the tenth consecutive year. The preliminary operating result (EBIT) was in line with the forecast (approximately 42 million euros).

The past fourth quarter, which is traditionally the strongest in the year, proved crucial for the results and also marked the most successful quarter in the company’s history.

In the period from October to December 2023, Secunet generated a revenue of approximately 154 million euros. This corresponds to an increase of 15% compared to the previous year’s quarter. The operating result (EBIT) amounted to approximately 33 million euros, which represents a significant increase of 42% compared to the final quarter of 2022.

„Given the difficult economic conditions characterized by geopolitical crises and budget cuts, the 2023 fiscal year was further evidence of our strength and the commitment of our team“, said Secunet CEO Axel Deininger.

Investments in future growth He also emphasized that substantial investments have been made to strengthen Secunet’s growth prospects. This includes the establishment of a cloud ecosystem specifically designed for ministries, authorities, and security organizations, which is expected to be a major driver of growth in the future.

Conclusion: IT security remains one of the most important issues of our time for me! Therefore, after my analysis, the stock of the leading German IT specialist remains interesting.